Question

The accrued surplus, if any, in the recovery fund over and above the _____ minimum level after payment of the administration and losses from the fund may be transferred on December 31 of each calendar year by voucher properly drawn and signed by the chairman of the commission or his designee to the research and education fund for use.

A)$500,000
B)$100,000
C)$200,000
D)$400,000

Answer 1

The subject of this question is Business and it is appropriate for College level students.

Step-by-step explanation:

The subject of this question is Business and it is appropriate for College level students.

According to the information provided, the student is asking about the minimum level of the accrued surplus in the recovery fund that can be transferred to the research and education fund.

The question provides answer choices A)$500,000, B)$100,000, C)$200,000, and D)$400,000. To determine the correct answer, we would need additional context and information about the specific rules and regulations governing the recovery fund and research and education fund.